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Notice of Meeting (Brochure) COMBINED GENERAL MEETING NOTICE OF MEETING FRIDAY APRIL 23, 2021 - 3:00 P.M. WWELCOMEELCOME to the Renault Combined General Meeting Friday April 23, 2021 - 3:00 P.M. The Annual General Meeting will be held in closed session, at the Palais des Congrès, 2, place de la Porte Maillot 75017 Paris. T he Annual General Meeting being held in closed session, Renault invites you to vote by post or online or to give proxy to the Chairman of the Meeting or to any other person . For more information, visit the “Annual General Meeting” section on https://group.renault.com/en/fi nance-2/general-meeting/ FOR ADDITIONAL INFORMATION Hotline dedicated to the General Meeting: - from France at 0 800 109 119 (toll-free number and free services), - from other countries at +33 (0)1 40 14 89 25 (national calling rates). Investors Relations department (Toll-free from France only) Or +33 (0)1 76 84 59 99 (France and abroad) E-mail: [email protected] SUMMARY p.04 I. Agenda of the Annual General Meeting April 23, 2021 p.06 II. Renault i n 2020 p.14 III. Governance of Renault p.35 IV. Compensation of directors and corporate offi cers p.57 V. Explanations and resolutions p.76 VI. Statutory auditors’ reports p.89 VII. How to participate in the Annual General Meeting A WORD FROM THE CHAIRMAN Your Annual General Meeting Dear Madam, Dear Sir, Dear Shareholder, In the context of the unprecedented crisis that we are going through and that marked the year 2020, your support and loyalty are precious assets for Groupe Renault. They are also an encouragement to continue and accelerate our rebuilding, which has been largely initiated both at the Group level and at the level of the Renault-Nissan- Mitsubishi Alliance, whose foundation has been consolidated and whose operating mode has been clarified. Our Annual General Meeting of April 23 will be an ideal opportunity to put this long-term work into perspective, which is being carried out in parallel with the cost-cutting plan launched in May 2020. This plan, which is difficult but necessary, has been steered by Clotilde Delbos, whose work I would like to acknowledge, and has been implemented through exemplary dialogue with the social partners and local authorities. Our Chief Executive Officer, Luca de Meo, will be talking about the Renaulution plan, which was unveiled a few weeks ago. Renaulution reflects the depth of our transformation, as it evolves both our strategy and our business model. We will also present our actions in the areas of energy transition and CSR, as well as Groupe Renault’s Raison d’Être. Reflecting our values and convictions, our Raison d’Être will be a force for accompanying the ambitious and proactive transformation of our Group. Lastly, the Board of Directors is continuing the renewal process begun in 2019, and we will be pleased to welcome three new candidates at our Shareholders’ Meeting: on the one hand, Noël Desgrippes as a director representing employee shareholders; on the other hand, Bernard Delpit and Frédéric Mazzella as independent directors. The Board’s skills will thus be enriched by their notable experience and expertise, particularly in finance, digital and mobility. In this document, you will find the practical details of how to participate in the Annual General Meeting, as well as a presentation of the agenda and the resolutions that will be submitted to your vote. In view of the COVID-19 epidemic, our meeting will again be held in closed session, without the physical presence of shareholders and other persons entitled to attend . I therefore invite you to vote remotely and before the Annual General Meeting. To encourage participation in this privileged moment of exchange with you, we will renew the possibility of sending us questions before and during the Annual General Meeting on our website. The section dedicated to the Annual General Meeting (https://group.renault.com/en/finance-2/general-meeting/ ) will be regularly updated to provide you with the latest information about this event. Thank you for your confidence. Jean-Dominique Senard Chairman of Renault GROUPE RENAULT I COMBINED GENERAL MEETING - APRIL 23, 2021 3 I. AGENDA ANNUAL GENERAL MEETING APRIL 23, 2021 ORDINARY GENERAL MEETING P Approval of the annual financial statements for the financial P Appointment of Mr Noël Desgrippes as director representing year ended December 31, 2020 (first resolution) employee shareholders (twelfth resolution) P Approval of the consolidated financial statements for the P Approval of the information relating to the compensation financial year ended December 31, 2020 (second resolution) of directors and corporate officers mentioned in Article L. 22- 10- 9 I of the French Commercial Code (thirteenth P Allocation of the net result for the financial year ended resolution) December 31, 2020 (third resolution) P Approval of the components of the overall compensation and P Statutory auditors’ report on the information used to determine benefits of any kind paid during or awarded for the financial the compensation for participating shares (fourth resolution) year ended December 31, 2020 to Mr Jean-Dominique Senard P Approval of the related-party agreements and commitments as Chairman of the Board of Directors (fourteenth resolution) governed by Articles L. 225-38 et seq. of the French Commercial P Approval of the components of the overall compensation and Code (fifth resolution) benefits of any kind paid during or awarded for the financial P Renewal of M s Yu Serizawa’s term of office as director year ended December 31, 2020 to Mr Luca de Meo as Chief appointed upon proposal of Nissan (sixth resolution) Executive Officer (fifteenth resolution) P Renewal of Mr Thomas Courbe’s term of office as director P Approval of the components of the overall compensation and appointed upon proposal of the French State (seventh benefits of any kind paid during or awarded for the financial resolution) year ended December 31, 2020 to Ms Clotilde Delbos as interim Chief Executive Officer (sixteenth resolution) P Renewal of M s Miriem Bensalah-Chaqroun’s term of office as i ndependent d irector (eighth resolution) P Approval of the compensation policy of the Chairman of the Board of Directors for the 2021 financial year (seventeenth P Renewal of M s Marie-Annick Darmaillac’s term of office as resolution) i ndependent d irector (ninth resolution) P Approval of the compensation policy of the Chief Executive P Appointment of Mr Bernard Delpit as i ndependent d irector Officer for the 2021 financial year (eighteenth resolution) (tenth resolution) P Approval of the compensation policy of the directors for the P Appointment of Mr Frédéric Mazzella as i ndependent d irector 2021 financial year (nineteenth resolution) (eleventh resolution) P Authorization granted to the Board of Directors to perform Company share transactions (twentieth resolution) EXTRAORDINARY GENERAL MEETING P Authorization granted to the Board of Directors to reduce the Company’s share capital by cancelling treasury shares (twenty-first resolution) ORDINARY GENERAL MEETING P Powers to carry out formalities (twenty-second resolution) 4 GROUPE RENAULT I COMBINED GENERAL MEETING - APRIL 23, 2021 Further details at www.groupe.renault.com GROUPE RENAULT I COMBINED GENERAL MEETING - APRIL 23, 2021 5 II. RENAULT IN 2020 Key figures 2020 2019 Change Worldwide Group registrations(1) (million vehicles) 2.95 3.75 -21.3% Group revenues (€ million) 43,474 55,537 - 12,063 Group operating profit (€ million) - 337 2,662 - 2,999 (% revenues) -0.8% 4.8% - 5.6 pts Group operating income (€ million) - 1,999 2,105 - 4,104 Contribution from associated companies (€ million) - 5,145 - 190 - 4,955 Of which Nissan (€ million) -4,970 242 - 5,212 Net income (€ million) - 8,046 19 - 8,065 Net income, Group share (€ million) - 8,008 - 141 - 7,867 Earnings per share (€) - 29.51 - 0.52 - 28.99 Automotive operational free cash flow(2) (€ million) - 4,551 153 - 4,704 - 3,579 1,734 - 5,313 Automotive net financial position (€ million) at Dec. 31, 2020 at Dec. 31, 2019 Sales Financing, average performing assets (€ billion) 46.9 47.4 -1.1% (1) Group registrations include Jinbei, Huasong & Shineray registrations. (2) Automotive operational free cash flow: cash flows after interest and tax (excluding dividends received from publicly listed companies) minus tangible and intangible investments net of disposals + /- change in the working capital requirement. Sales performance 2,951,971 PC + LCV IN 2020 Group sales worldwide by Region Passenger cars and light commercial vehicles(2) (Units) 2020(1) 2019 Change (%) Group 2,951,971 3,749,736 -21.3 Europe Region 1,445,354 1,945,833 -25.7 Renault 1,055,726 1,370,488 -23.0 Dacia 385,944 564,927 -31.7 Alpine 1,326 4,428 -70.1 LADA 2,358 5,990 -60.6 Africa Middle-East India & Pacific Region 346,275 451,282 -23.3 Renault 199,903 279,139 -28.4 Dacia 52,350 88,732 -41.0 Renault Samsung Motors 90,300 79,081 +14.2 Alpine 199 403 -50.6 LADA 2,526 3,034 -16.7 Jinbei & Huasong(3) 997 893 +11.6 Eurasia Region 743,512 748,486 -0.7 Renault 272,164 261,821 +4.0 Dacia 82,691 81,648 +1.3 Alpine 2 0 +++ LADA 378,832 403,663 -6.2 AVTOVAZ (Niva) 9,823 1,354 +++ Americas Region 260,457 424,564 -38.7 Renault 258,228 420,897 -38.6 Alpine 0 1 -100.0 LADA 299 283 +5.7 Jinbei & Huasong(3) 1,930 3,383 -43.0 China Region 156,373 179,571 -12.9 Renault 2,324 21,946 -89.4 Jinbei & Huasong(3) 154,049 157,625 -2.3 (1) Preliminary figures.
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